FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin Buys 9,800 Shares of Stock

FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin bought 9,800 shares of FlexShopper stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $1.26 per share, with a total value of $12,348.00. Following the completion of the purchase, the director now directly owns 4,450,046 shares in the company, valued at approximately $5,607,057.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Howard Dvorkin also recently made the following trade(s):

• On Tuesday, June 25th, Howard Dvorkin acquired 6,111 shares of FlexShopper stock. The shares were purchased at an average price of $1.21 per share, with a total value of $7,394.31.
• On Monday, June 17th, Howard Dvorkin bought 6,000 shares of FlexShopper stock. The stock was acquired at an average cost of $1.20 per share, with a total value of $7,200.00.
• On Thursday, June 13th, Howard Dvorkin acquired 5,500 shares of FlexShopper stock. The stock was acquired at an average cost of $1.24 per share, with a total value of $6,820.00.
• On Tuesday, June 11th, Howard Dvorkin acquired 20,467 shares of FlexShopper stock. The shares were bought at an average price of $1.15 per share, for a total transaction of $23,537.05.
• On Friday, June 7th, Howard Dvorkin purchased 64,054 shares of FlexShopper stock. The stock was bought at an average price of $1.12 per share, for a total transaction of $71,740.48.
• On Wednesday, June 5th, Howard Dvorkin acquired 7,833 shares of FlexShopper stock. The shares were purchased at an average price of $1.11 per share, for a total transaction of $8,694.63.
• On Monday, June 3rd, Howard Dvorkin purchased 52,200 shares of FlexShopper stock. The shares were purchased at an average price of $1.10 per share, for a total transaction of $57,420.00.
• On Wednesday, May 29th, Howard Dvorkin acquired 18,226 shares of FlexShopper stock. The shares were purchased at an average price of $1.14 per share, with a total value of $20,777.64.
• On Wednesday, May 22nd, Howard Dvorkin purchased 3,381 shares of FlexShopper stock. The stock was acquired at an average price of $1.16 per share, for a total transaction of $3,921.96.
• On Monday, May 20th, Howard Dvorkin bought 17,814 shares of FlexShopper stock. The stock was bought at an average cost of $1.16 per share, with a total value of $20,664.24.

FlexShopper Trading Down 2.4 %

NASDAQ FPAY opened at $1.24 on Wednesday. The firm has a market capitalization of $26.97 million, a PE ratio of -3.88 and a beta of 1.33. The business’s 50-day moving average price is $1.15 and its two-hundred day moving average price is $1.27. The company has a current ratio of 13.70, a quick ratio of 13.70 and a debt-to-equity ratio of 19.16. FlexShopper, Inc. has a 12 month low of $0.75 and a 12 month high of $2.47.

FlexShopper (NASDAQ:FPAY) last released its earnings results on Monday, May 13th. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $33.95 million during the quarter, compared to the consensus estimate of $29.30 million. FlexShopper had a negative net margin of 3.51% and a negative return on equity of 58.72%. On average, analysts expect that FlexShopper, Inc. will post -0.08 EPS for the current year.

Hedge Funds Weigh In On FlexShopper

A hedge fund recently bought a new stake in FlexShopper stock. Heron Bay Capital Management acquired a new stake in FlexShopper, Inc. (NASDAQ:FPAY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 28,544 shares of the financial services provider’s stock, valued at approximately $43,000. Heron Bay Capital Management owned 0.13% of FlexShopper at the end of the most recent reporting period. Institutional investors and hedge funds own 19.41% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 target price on shares of FlexShopper in a research report on Wednesday, May 15th.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.